M&A Deal Summary

TPG Acquires Classic Collision

On April 3, 2024, private equity firm TPG acquired automotive company Classic Collision from New Mountain Capital

Acquisition Highlights
  • This is TPG’s 3rd transaction in the Automotive sector.
  • This is TPG’s 269th transaction in the United States.
  • This is TPG’s 9th transaction in Georgia.

M&A Deal Summary

Date 2024-04-03
Target Classic Collision
Sector Automotive
Buyer(s) TPG
Sellers(s) New Mountain Capital
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

Classic Collision

Atlanta, Georgia, United States
website
Classic Collision is a provider of quality auto body repairs with properly trained technicians and the appropriate equipment. Classic Collision was founded in 1983 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 401 of 401
Sector (Automotive) 3 of 3
Type (Secondary Buyout) 63 of 63
State (Georgia) 9 of 9
Country (United States) 269 of 269
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-07 Onfido

London , United Kingdom

Onfido is a biometric and identity verification (IDV) technology provider that enables the know-your-customer (KYC), anti-money-laundering (AML), user registration, and identification processes for blue-chip customers in 60+ countries around the world. Onfido was founded in 2012 and is based in London, United Kingdom.

Sell -

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 45 of 45
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 10 of 10
State (Georgia) 3 of 3
Country (United States) 42 of 42
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Rawlings

La Grange, Kentucky, United States

Rawlings is a technology-enabled coverage analytics provider that delivers savings for its health insurance clients by identifying liable third parties responsible for paying medical claims across its subrogation, coordination of benefits, and drug claim payment integrity offerings. Rawlings was formed in 1977 and is based in La Grange, Kentucky.

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